The imminent launch of the Ethereum Dencun upgrade at 14.00 UTC today, March 13, has sparked a notable surge in the prices of native tokens for layer-2 protocols, including Arbitrum, Polygon, and Optimism.
According to CryptoSlate’s data, the sector has surged by approximately 5% in the last 24 hours, reaching a total market capitalization of $20.21 billion. This growth maintains a consistent upward trend of 10% observed throughout the week.
Layer-2 tokens increase
In the past 24 hours, Arbitrum’s ARB token surged by approximately 10% to reach $2.18. This surge coincides with the team’s planned release of over $1 billion ARB tokens this week.
Arbitrum is the leading layer-2 Ethereum scaling solution, with assets worth approximately $16 billion locked on the platform, according to L2Beat.
During the same period, Polygon network’s MATIC token witnessed a 4% uptick to $1.23, marking its highest value since March 2023. This upward trend is concurrent with a notable increase in the
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